The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
37p is resistance then its lift off. I am expecting a positive story on 13th with over £50m of cost savings now filtering through. Net margins very high and a refocussed Board ready to drive it forward at long last .
£50m of cost savings should now be feeding through to cash . Interest rates will be higher for longer helping metro to radically increase profits. The bank must be on a trajectory for £70m of annualised profits once the costs have been fully eliminated. Also big talk about the Great British ISA allowing investors to stick £5k pa into British companies annually. You won't get these below 40p for much longer
Page is set to oversee a 20 per cent cut in staff and a potential reduction in opening hours at the branches Metro Bank has built its name on. He will also be tasked with boosting the bank’s share price, which is down 77 per cent over the last year.
The market has completely underestimated last weeks update. I think we will see big finance partners scrambling to get into bed with Blencowe. If ever there was a time to pounce it’s now and blencowe should be on its guard .